v3.26.1
Intangible Assets
6 Months Ended
Jun. 30, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

7. Intangible Assets

Identified intangible assets consist of the following:

 

 

 

Gross
Amount

 

 

Accumulated
Amortization

 

 

Carrying
Value

 

 

Weighted
Average
Remaining
Life

 

June 30, 2026

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

67,074

 

 

$

(40,563

)

 

 

26,511

 

 

 

4.7

 

Trade name

 

 

10,432

 

 

 

(7,212

)

 

 

3,220

 

 

 

2.1

 

Technology

 

 

91,270

 

 

 

(82,335

)

 

 

8,935

 

 

 

1.6

 

Internally developed software

 

 

45,943

 

 

 

(27,662

)

 

 

18,281

 

 

 

4.3

 

 

$

214,719

 

 

$

(157,772

)

 

$

56,947

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross
Amount

 

 

Accumulated
Amortization

 

 

Carrying
Value

 

 

Weighted
Average
Remaining
Life

 

December 31, 2025

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

67,205

 

 

$

(37,535

)

 

 

29,670

 

 

 

5.1

 

Trade name

 

 

10,745

 

 

 

(6,667

)

 

 

4,078

 

 

 

2.6

 

Technology

 

 

92,284

 

 

 

(75,987

)

 

 

16,297

 

 

 

1.6

 

Internally developed software

 

 

40,314

 

 

 

(24,286

)

 

 

16,028

 

 

 

3.9

 

 

$

210,548

 

 

$

(144,475

)

 

$

66,073

 

 

 

 

 

The Company capitalized $2,849 and $5,630 in the three and six months ended June 30, 2026 and nothing in the three and six months ended June 30, 2025, related to internally developed software to be sold as a service incurred during the application development stage. The Company is amortizing these costs over the expected lives of the related services. Amortization expense related to intangible assets for the three months ended June 30, 2026 and 2025 was $6,995 and $8,177, respectively. Amortization expense related to intangible assets for the six months ended June 30, 2026 and 2025 was $14,533 and $15,926, respectively.